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Carbon Tax a Possibility

November 18, 2008 New Zealand Taxation  No comments

The new National government has made indications that they might be willing to support a new carbon tax scheme.

Speaking at a Federated Farmers conference on the 18th of November, John key admitted that his National Party would be willing to consider a carbon tax in place of t Emissions Trading Scheme ( ETS). While he did not openly support the idea of a carbon tax, John key said that a committee would be set up to evaluate the benefits and drawbacks of the Emissions trading Scheme, carbon tax or a possible hybrid of the two.

No more details of a new carbon tax were given and none are expected until the review process begins. Similar no pre-standing views on the ETS were disclosed, nor an outline of a possible hybrid of the two...

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